{"id":1004022447,"date":"2010-08-16T07:16:49","date_gmt":"2010-08-16T15:16:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004022447"},"modified":"2022-12-08T16:39:19","modified_gmt":"2022-12-09T00:39:19","slug":"lee-breaks-into-atlanta-market-with-merger-of-bryant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lee-breaks-into-atlanta-market-with-merger-of-bryant\/","title":{"rendered":"Lee Breaks into Atlanta Market with Bryant Merger"},"content":{"rendered":"<p>August 16, 2010<br \/>\nBy Joshua Pringle, Associate Editor<\/p>\n<div id=\"attachment_1004022457\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004022457\" data-attachment-id=\"1004022457\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lee-breaks-into-atlanta-market-with-merger-of-bryant\/bryant\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg\" data-orig-size=\"5616,3744\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1280836982&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Bryant\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;(L to R) Mark Hollan, Dick Bryant, John DeCouto and Scott Crooks of Bryant Commercial Real Estate Partners.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?w=1024\" class=\"size-medium wp-image-1004022457\" title=\"Bryant\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg 5616w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=1536,1024 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=2048,1365 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=150,100 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=696,464 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=1068,712 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=1920,1280 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/08\/Bryant.jpg?resize=630,420 630w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004022457\" class=\"wp-caption-text\">(L to R) Mark Hollan, Dick Bryant, John DeCouto and Scott Crooks of Bryant Commercial Real Estate Partners.<\/p><\/div>\n<p>Lee &amp; Associates has expanded its national platform through a merger with Atlanta-based Bryant Commercial Real Estate Partners. The joint venture gives Lee its first presence in the Southeast while providing Bryant with a national reach.<\/p>\n<p>President Richard Bryant formed Bryant Commercial Real Estate Partners in 2004 with a team he had been working with in the area since the 90s, and his office\u2019s 31 brokers offer the expertise Lee was seeking in the submarket. \u201cTheir reputation, quality and style mesh perfectly with us,\u201d said Edward Indvik, vice chairman of Lee &amp; Associates.<\/p>\n<p>The Atlanta office is the 41st under Lee\u2019s umbrella. Most of Lee\u2019s offices are located in California, but the company is looking to continually expand nationwide and also head into Canada. \u201cWe are in constant conversations to do that,\u201d Indvik said.<\/p>\n<p>Lee has added ten offices in the last three years, and Indvik would like to see that number grow as high as 200 within the foreseeable future. \u201cWe do our biggest growth in down cycles,\u201d he said. Bryant says his company had been looking for the last four years to join a national firm and talked to a number of companies, but few are expanding, and few offered the kind of expanded services platform that Lee does.<\/p>\n<p>Bryant was also attracted to Lee\u2019s business structure, which he said benefits from \u201can entrepreneurial decision-making process that is streamlined and efficient.\u201d Whereas other firms may be subject to a more bureaucratic model, Lee gives each office an equal voice in corporate matters. When Bill Lee started the company more than 30 years ago, he and his other brokers put up their own capital, thereby becoming shareholders. Through this design, Lee\u2019s brokers-turned-owners share a vested interest, share profits and decision-making, and also create a debt-free organization. Indvik said the structure is \u201ccorporate legally but runs like a partnership, leaving local decisions to local offices.\u201d<\/p>\n<p>Although Atlanta\u2019s commercial real estate market is currently scraping along the bottom, Bryant believes Atlanta is in a better position than a lot of cities to bounce back. \u201cWith Atlanta being such an active, dynamic city, in good times we see a lot of growth, sometimes unsustainable growth,\u201d Bryant said. \u201cAtlanta may have been hit a little harder, but there\u2019s also an opportunity for it to come around rather quickly.\u201d Case in point: the Bryant office has seen 30 percent more activity in the last year than it did the previous.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The joint venture gives Lee its first presence in the Southeast while providing Bryant with a national reach.<\/p>\n","protected":false},"author":936,"featured_media":1004022457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004022447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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